Welcome to our dedicated page for Chipotle Mexican Grill news (Ticker: CMG), a resource for investors and traders seeking the latest updates and insights on Chipotle Mexican Grill stock.
Chipotle Mexican Grill, Inc. (NYSE: CMG) delivers fresh perspectives on fast-casual innovation through this comprehensive news hub. Track official announcements and strategic developments from the pioneer of Food with Integrity – the industry leader combining culinary excellence with sustainable practices.
Access real-time updates on earnings reports, restaurant expansion plans, and technological advancements like the Autocado automation system. Stay informed about sustainability milestones including methane-reduction partnerships and progress toward 7,000 North American locations.
This resource consolidates essential updates for monitoring CMG's market position, including:
- Quarterly financial performance
- New Chipotlane® drive-thru openings
- Menu innovation announcements
- Supply chain initiatives
- Leadership updates
Bookmark this page for streamlined access to Chipotle's evolving story in restaurant technology and responsible sourcing. Check regularly for verified updates directly impacting the company's growth trajectory and industry influence.
Chipotle Mexican Grill (CMG) reported impressive results for Q1 2023, with total revenue rising by 17.2% to $2.4 billion and comparable restaurant sales increasing 10.9%. Operating income surged 93.3%, with diluted earnings per share at $10.50, an 84.2% rise from $5.70 in the prior year. Digital sales accounted for 39.3% of total food and beverage revenue, and 41 new restaurants were opened. The operating margin improved to 15.5%, while restaurant level operating margin hit 25.6%. Despite challenges like inflation in several food costs, the company expressed optimism for continued growth, projecting mid to high-single digit comparable restaurant sales growth for 2023.
Chipotle (NYSE: CMG) announced the appointment of Frank Yiannas, former FDA Deputy Commissioner, to its Food Safety Advisory Council on April 13, 2023. Yiannas will collaborate with independent experts to enhance Chipotle's food safety culture and operational standards. His selection underscores Chipotle's commitment to maintaining best-in-class food safety practices. The advisory council, founded in 2016, aims to integrate external insights into Chipotle's internal processes to boost food safety excellence. Yiannas brings over 30 years of experience in food safety from his roles at the FDA, Walmart, and Disney, enhancing the council's authority to review and advise on the company's food safety policies.
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